New venture from founder of Quidsi (Soap.com, Diapers.com, etc) that sounds like an online version of Costco (I love Costco). Claims it'll make profit entirely from membership fee, passing all other savings to customer. Unlike Costco, will be serving as a marketplace for 3rd party sellers to compete & then offering discounts for bundling items, picking slower shipping, etc.
Interesting take IMO. I love discounts but impulse buying + 2 day shipping is what makes me spend so much at Amazon.
Also love part of their initial roll-out plan: share your invite to move up in line for access but also to gain chance to win things like company stock! Here's mine: https://jet.com/#/ji/cj1k6
Mashable for iPhone